Football: Man Utd unveil record revenue

14th November 2013, Comments 0 comments

English Premier League champions Manchester United on Thursday reported record revenue of £98.5 million ($158.3 million, 117.5 million euros) for the first three months of their financial year.

The 29 percent rise in revenue was fuelled by a 63 percent jump in sponsorship income and increased earnings from TV deals.

United's executive vice-chairman Ed Woodward said he was "excited" by BT Sport's recently-signed deal for Champions League television rights.

Woodward said BT Sport's success in outbidding Sky and ITV to land the 2015-2018 rights for Europe's top club competition would see clubs' incomes increase still further.

He said: "We are excited by the continuing rise in the value of sports content, evidenced, amongst other things, by the recently-announced BT deal for the UK rights to broadcast the Champions League and Europa League matches for three seasons from 2015-16.

"This deal represents a meaningful increase over the current arrangement, which should translate into higher broadcasting revenues for the participating clubs."

The Premier League deal has seen United's broadcasting income rise by 40.9 percent, but the real driver has been the club's growth in commercial income of 62.6 percent.

Twelve new sponsorship deals have been signed, including a global contract with Russian airline Aeroflot.

United, who are controlled by the US-based Glazer family, have made a faltering start to the 2013-2014 season under new manager David Moyes after Alex Ferguson stepped up to a boardroom role.

© 2013 AFP

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